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The differences between business consultants and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $87,214 average annual salary of a business consultant.
The top three skills for a business consultant include data analysis, project management and strong analytical. The most important skills for a principal consultant are cloud, business development, and C #.
| Business Consultant | Principal Consultant | |
| Yearly salary | $87,214 | $116,478 |
| Hourly rate | $41.93 | $56.00 |
| Growth rate | 11% | 11% |
| Number of jobs | 128,033 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 4 | - |
A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.
A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.
Business consultants and principal consultants have different pay scales, as shown below.
| Business Consultant | Principal Consultant | |
| Average salary | $87,214 | $116,478 |
| Salary range | Between $64,000 And $117,000 | Between $90,000 And $150,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Alaska | Oregon |
| Best paying company | ZS | Pure Storage |
| Best paying industry | Technology | Finance |
There are a few differences between a business consultant and a principal consultant in terms of educational background:
| Business Consultant | Principal Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between business consultants' and principal consultants' demographics:
| Business Consultant | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 75.8% Female, 24.2% |
| Race ratio | Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.4% White, 65.1% American Indian and Alaska Native, 0.2% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 12% | 11% |